Project Manager, Real Estate Development

BROOKLYN NAVY YARD DEVELOPMENT CORP•New York, NY

4d•$85,000 - $90,000•Onsite

About The Position

The Brooklyn Navy Yard Development Corporation (BNYDC) is a not-for-profit corporation that serves as the real estate developer and property manager of the Yard on behalf of its owner, the City of New York. BNYDC strives to provide an environment in which innovative companies can take root and grow. As a Project Manager, you will support adaptive reuse projects of historic Yard properties, advance ground-up development, and perform various asset management related functions.

Requirements

Written and verbal communication and presentation skills
Basic financial modeling skills, including pro forma cash flow modeling, sensitivity analysis, budgeting sources and uses, etc.
Familiarity with public-private funding sources
Proficiency in Microsoft Office, advanced proficiency in Excel
Bachelor’s degree in business, economics, public policy, urban planning, or similar field required
1-3 years of experience in real estate development, economic development, project management, or a similar field

Nice To Haves

graduate degree preferred
Experience in land use, real estate finance, construction, economic development, public-private funding, and/or leasing preferred

Responsibilities

Identify and advance pre-development tasks including site assessment, analysis of permitted uses, cost estimation, market study, feasibility analysis, and formulation of overall strategy
Create, maintain, and update project budgets, schedules, financial performance, any critical items
Forecast and track project sources and uses, cash flow, and return on investment metrics, in the context of complex funding sources
Understand and model proceeds, costs, design implications, compliance, and other relevant aspects of sophisticated public-private funding sources including Historic Tax Credits, and others
Support efforts to identify and work to obtain debt and equity funding sources
Identify, advance, coordinate and report on critical City, State and Federal agency approvals, including DOB, SBS, PDC, ESDC, FEMA, and others
Manage and/or support procurement process, including preparation of RFP’s and RFEI’s and corresponding strategy to maximize number/quality of responses, and evaluation of proposals, in coordination with Legal and External affairs teams
Work with BNYDC Construction team to track contractor procurement, construction schedule, actual costs relative to budget, and issues affecting timely completion of project; and collaborate to propose solutions to issues
Evaluate potential leasing deals based on economics, tenancy, and furthering BNY’s mission
Provide updates and prepare presentations and recommendations for senior management, BNYDC Board of Directors, and other stakeholders
Meet with tenants, consultants, contractors and other external stakeholders to problem-solve leasing, construction, and development related matters
Perform other job-related duties as assigned